Telus keeps close tabs on foreign ownership levels as non-Canadians snap up shares

VANCOUVER – Non-Canadians are purchasing so many common shares of Telus that the company is in danger of violating Canada’s foreign ownership restrictions. The telco issued a notice Thursday reminding non-Canadian investors of its reservation procedures while warning that that its transfer agent may not be able to approve all pending or new applications. Non-Canadians wanting to buy Telus’ common shares must reserve the right to obtain transfers by contacting the company’s transfer agent, Computershare Trust Company of Canada, and obtaining a reservation number after completing a reservation application. Telus said that the catalyst for this announcement is “significant buying interest”...